SOL 1h long

Potential Signal:
Pair: SOL/USDT
Direction: Long
Time Frame: 1h
Position Size: 0.5%
Entry Price: 235
Exit Price: 249
Stop Loss: 229
Potential Profit: 5.5%
Risk: Moderate

With the MACD showing support around the -2 range, price nearing the 200h moving average and a retest at our new local support zone between 233-236, we are preparing for a potential long to 249 for a gain of roughly 5.5%. With these 2 indicators flashing green, we are relatively confident that the trade will go in our direction and wont retest our stop loss of 229.
As always, manage your risk according to your account size.
Not financial advice.
Cheers